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Nov 29, 2012
11/12
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so much for progress on the fiscal cliff talks. at least for today. progress getting a fever pitch as john boehner says white house needs to get serious. senate majority leader harry reid says he is waiting for a serious offer from republicans. so there you can see the stock market slightly higher, reacting to every last word coming out of capitol hill. now the dow was higher, but off of the best levels of the session as we make progress. melissa arizona is the latest state to refuse the exchange. we will bring on judge andrew napolitano to talk about this one. lori: "time" magazine announcing it candidate for person of the year. wait until you hear who the candidates are. we will handicap the list with lou dobbs. melissa stocks as we do every 15 minutes. nicole petallides standing by. stocks are losing sseam as house speaker john boehner took the podium although they have recovered a bit. nicole: is difficult to monitor which way and guess which way the market will go as each headline process crosses, we'reg the market being started around the unchan
so much for progress on the fiscal cliff talks. at least for today. progress getting a fever pitch as john boehner says white house needs to get serious. senate majority leader harry reid says he is waiting for a serious offer from republicans. so there you can see the stock market slightly higher, reacting to every last word coming out of capitol hill. now the dow was higher, but off of the best levels of the session as we make progress. melissa arizona is the latest state to refuse the...
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tracy: tough new talk on the fiscal cliff. why house speaker boehner says president obama is deliberately pushing the country over it. ashley: all right. first look how the dollar is moving right now as we finish another week of trading. a mixed bag but the euro, pulling back against the dollar, below that 1.30 mark. we'll be right back. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedheahcare, i gohelp that fit my life. information on my phone. connection to doctors o get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're re than ,000 people looking out for so i never more than 70t. million americans. that's health in numbers. unitedhealthcare. can. >> at 19 minutes past the hour i'm arthel neville with your fox news minute. reuters reporting protesters broke through military barricades outside the presidential palace in cairo, egypt. late yesterday defiant president morsi calling for a dialog
tracy: tough new talk on the fiscal cliff. why house speaker boehner says president obama is deliberately pushing the country over it. ashley: all right. first look how the dollar is moving right now as we finish another week of trading. a mixed bag but the euro, pulling back against the dollar, below that 1.30 mark. we'll be right back. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedheahcare, i gohelp...
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connell: our big question today, should the fiscal cliff talks be televised so we can see the whole thing? neil cavuto is coming in. grover norquist made this suggestion over the weekend. we are not sure whether it is a good idea. lori: it is televised enough. the dow off 23. flirting with 13,000. verisign, green mountain coffee, seeing green. we will be back right after this. ♪ can i help you? i heard you guys can ship ground for less thn e ups store. that's right. i've learned the only way to ge a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ound shipping at fedex office. lori: put it on tv. grover norquist saying the president should go into a room with c-span cameras present. connell: neil cavuto joins us now. what do you think of this idea of putting it on television? neil: i do not think it is a good idea. this would really heighten it a little more. i think grover's point about how they should be held accountable and everyone should see how they come to these decisions, y
connell: our big question today, should the fiscal cliff talks be televised so we can see the whole thing? neil cavuto is coming in. grover norquist made this suggestion over the weekend. we are not sure whether it is a good idea. lori: it is televised enough. the dow off 23. flirting with 13,000. verisign, green mountain coffee, seeing green. we will be back right after this. ♪ can i help you? i heard you guys can ship ground for less thn e ups store. that's right. i've learned the only way...
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Nov 30, 2012
11/12
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FBC
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if you are sick of all this fiscal cliff talk. wayne rogers is also. wayne has the answer to all of our debt problems. he is coming up a little bit later on. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz deer. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >> 521 minutes past the hour, i have your fox ne
if you are sick of all this fiscal cliff talk. wayne rogers is also. wayne has the answer to all of our debt problems. he is coming up a little bit later on. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250...
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no progress on the fiscal cliff and no plans to even talk about it. when will the white house and congress get serious about making a deal? tracy: on december 31st. dennis: the president is taking to twitter. we'll the latest all hour. tracy: fears of higher taxes caused tax-free muni bonds to popularity but is it too late to find any bargains? jack hough says no. he tells us where the deals are. dennis: the looming fiscal cliff doesn't seem to stop americans from buying new cars. edmunds analyst jessica caldwell breaks down a surprising strong month for automakers but will it last? tracy: time to check stocks as we do every 15 minutes. we head down to the lauren simonetti on the floor of the new york stock exchange. they are slipping but just off the lows of the day. >> off the lows of the day. but the dow and s&p 500 giving up about a third of a percent each right now. the nasdaq is down three points. off the lows. the low for the dow this session is 12,969. we're a little above it but seems like the market wants to end the day in the red. we got co
no progress on the fiscal cliff and no plans to even talk about it. when will the white house and congress get serious about making a deal? tracy: on december 31st. dennis: the president is taking to twitter. we'll the latest all hour. tracy: fears of higher taxes caused tax-free muni bonds to popularity but is it too late to find any bargains? jack hough says no. he tells us where the deals are. dennis: the looming fiscal cliff doesn't seem to stop americans from buying new cars. edmunds...
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alan simpson briiging fiscal cliff talks to a whole new level. neil cavuto is up next with his trademark move. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishas core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for tir etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. melissa: it is time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange. our own nicole petallides standing by.
alan simpson briiging fiscal cliff talks to a whole new level. neil cavuto is up next with his trademark move. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my...
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nevada senator harry reid and others on the other using the fiscal cliff talks to push through an online gambling bill. but to want language for online gambling while eliminating others. they have long wanted federal system for online poker anyway. and have you seen this? the california federation of teachers created tax the rich. it shows a wealthy person urinating on lower income americans. the rich collect wealth through tax loopholes and tax evasion. nice stuff. that is your "west coast minute." a quarter until it's never 50 minutes, you're watching oxford industries. nicole: very interesting. this is under the oxford umbrella, but they gave an outlook it is somewhat below the expectations for this is why the stock is down nearly 10% today. that is a really big move for oxford industries. third-quarter earnings climbed 85% but again so much of it is about the guidance. look at the major market averages. the nasdaq composite improving throughout the day today, down just one quarter of 1% now while the dow has exploded to the upside. back to you. dennis: thank you very much, nicole. on
nevada senator harry reid and others on the other using the fiscal cliff talks to push through an online gambling bill. but to want language for online gambling while eliminating others. they have long wanted federal system for online poker anyway. and have you seen this? the california federation of teachers created tax the rich. it shows a wealthy person urinating on lower income americans. the rich collect wealth through tax loopholes and tax evasion. nice stuff. that is your "west...
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Nov 30, 2012
11/12
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FBC
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house speaker boehner says fiscal cliff talks, well, they have gone, quote, almost nowhere. that is encouraging, isn't it? when will both sides finally make progress towards a deal? "wall street journal's" gerald seib met with senate minority leader mitch mcconnell. he will be here to tell us what he had to say. tracy: i'm excited. new study says which americans pay the most in taxes and probably not who you think or maybe it is. it raises questions who is really not paying their fair share. ashley: i think it is me by the way. if fiscal cliff wasn't bad enough, food prices will spike in the new year, you remember the drought, plus inaction in congress will cost you more at the checkout. tracy: i remember jeff flock out in those fields right? ashley: can't forget that. tracy: time for stocks as we do every 15 minutes. lauren simonetti on the floor of new york stock exchange today. we got another sign of consumer weakness, didn't we? >> tracy and ashley, consumer spending fell in october, first decline in five months that is keeping a cap on stocks. all three major averages i
house speaker boehner says fiscal cliff talks, well, they have gone, quote, almost nowhere. that is encouraging, isn't it? when will both sides finally make progress towards a deal? "wall street journal's" gerald seib met with senate minority leader mitch mcconnell. he will be here to tell us what he had to say. tracy: i'm excited. new study says which americans pay the most in taxes and probably not who you think or maybe it is. it raises questions who is really not paying their fair...
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in the fiscal cliff debate? >> in the fiscal cliff, no. it will take strong leadership that has yet to set forward. in my life, i would love to see the ending of all these poverty programs transformed into job creation, making people go to work or else they are on their own. liz: you are a fascinating voice in this debate. thank you very much. dennis: he is my new contrarian hero. that was a great interview. christmas is starting early for congress. the house of representatives is homeward bound. cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a mi
in the fiscal cliff debate? >> in the fiscal cliff, no. it will take strong leadership that has yet to set forward. in my life, i would love to see the ending of all these poverty programs transformed into job creation, making people go to work or else they are on their own. liz: you are a fascinating voice in this debate. thank you very much. dennis: he is my new contrarian hero. that was a great interview. christmas is starting early for congress. the house of representatives is...
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so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement spending if we want to prevent a battle between old and young americans. diana further got roth, senior fellow at man hat taken institute and joins us now. diana, seems to me raising the retirement age is the simplest thing you could do yet we're not talking about that. >> well, we certainly should be because part of the deficit problem, a great part, is entitlements, social security and medicare, keep adding fiscal burdens as people's live expectancy increases and it's great that people are living longer but when social security was first thought of the life expectancy was only 67. now it is arou
so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement...
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far better than expectations but behind that number is the fiscal cliff. if congress doesn't act jobless unemployment benefits will go from a 72 week maximum down to 27 weeks. could that force a spike in the jobless rate again for 2013? joining us is todd schoenberger of wells fargo, senior economist. i know you were not thrilled with the numbers that came out today but you also have the issue of unemployment benefits and what that does to the economy. are you worried? >> you bet i am worried. if we leap off of the fiscal cliff you are looking at a minimum of 500,000 jobs eliminated and i am not talking low-wage jobs. i am talking about high five digit to six digit jobs. that will impact the overall economy. not just in the united states, also the global economy. you have to start looking at multinationals that trade on wall street. cheryl: some on the democratic side say they want to see unemployment extended for 200013. they argue it will hurt the economy if we don't extend unemployment. do you agree with that assumption? >> i don't think that is true. e
far better than expectations but behind that number is the fiscal cliff. if congress doesn't act jobless unemployment benefits will go from a 72 week maximum down to 27 weeks. could that force a spike in the jobless rate again for 2013? joining us is todd schoenberger of wells fargo, senior economist. i know you were not thrilled with the numbers that came out today but you also have the issue of unemployment benefits and what that does to the economy. are you worried? >> you bet i am...